The Competition Authority of Kenya (CAK) has approved the proposed acquisition of 65% of the issued share capital in Takaful Insurance of Africa by Tamini Insurance unconditionally.
Prudential Assurance has announced plans to recruit and train more than 5,000 sales agents across Kenya over the next five years. This plan will increase its agency channel from 1,000 at present to over 5,000.
London-headquartered international private medical insurance provider Bupa Global, has opened in Nairobi, its first office in Africa after obtaining a licence from the Insurance Regulatory Authority (IRA).
M-KOPA Kenya, a local subsidiary of the emerging markets FinTech M-KOPA, and Nairobi-headquartered Turaco Insurance Agency, have provided Hospital Cash insurance to over 1m Kenyans in just one year.
A Bill tabled before Parliament, when passed, will require insurance agents in Kenya to obtain a practicing certificate before selling insurance products.
Kenya's Insurance Regulatory Authority (IRA) has called on insurers in the country to expand microinsurance to help the underserved.
Kenya Reinsurance Corporation (Kenya Re) has officially launched its life reinsurance operations in international markets, starting a new chapter in the reinsurer's expansion strategy.
The Insurance Regulatory Authority (IRA) and Kenya Revenue Authority (KRA) have since 14 February 2025 been enforcing the law requiring Kenyan importers to obtain marine cargo insurance from local insurers.
The National Treasury is exploring ways to mobilise the KES2.5tn ($19.4bn) savings from the pension and insurance sectors to finance infrastructure projects under the Public-Private Partnership (PPP) model.
The bancassurance sector in Kenya has achieved an overall service compliance score of 79%, driven primarily by agents' customer service excellence (97%) and satisfactory product knowledge (78%), according to the findings of a study released by the Association of Kenya Insurers (AKI).